Port of Oakland gets clean energy boost thanks to federal grant; Panama Canal Authority to invest $2.4 billion to modernize equipment and infrastructure.
Sustainability promises to remain front and center in supply chains in 2022, especially at ports and waterways, where efforts to adopt clean energy practices continue to garner local and federal support.
The Port of Oakland said this month it will use a $5.2 million grant from the U.S. Department of Transportation’s Maritime Administration (MARAD) to fund electrical power upgrades. The grant bolsters the port’s clean air goals and will also contribute to its longer-term objective to eliminate reliance on fossil fuels in cargo handling operations.
Officials said the funding could be used for three purposes: construction of a fuel cell site and a solar panel installation with battery storage; replacement of an electrical substation; and connecting the substation to a biomass generator.
“We’ve got an ambitious clean air goal,” Port of Oakland Executive Director Danny Wan said in a statement December 23. “This grant from the Maritime Administration is an important moment in helping us take another step toward our goal of zero emissions from maritime operations.”
Separately, officials at the Panama Canal Authority said this week the waterway will step up its sustainability efforts in 2022, as well. The waterway will advance its pledge to become carbon neutral by 2030 with a $2.4 billion investment to modernize its equipment and infrastructure. Initial steps include adopting 10 hybrid tugboats, with the option of purchasing another 10, which will reduce tugboat operational carbon emissions by 20%, officials said. The canal will also introduce a fleet of electric vehicles, among other measures.
“Our goal is to begin a series of investments that maximize the value we can offer our community, customers, and world as a green route and corridor for world trade,” Victor Vial, vice president of finance for the canal, said in a statement. “By fortifying our infrastructure, technology, and equipment, we can meet this challenge and ensure we continue to deliver the safe, efficient, and reliable service we have been delivering for over 100 years.”
The investments follow a series of other green efforts over the past year, including the launch of the Panama Canal Authority’s CO2 Emissions Savings Dashboard, a tool for calculating the carbon dioxide (CO2) emissions saved by vessels that use the canal compared to the most likely alternative route–which found that vessels saved more than 13 million tons of CO2 emissions by opting for the Panama Canal route in 2020, officials said.
Motion Industries Inc., a Birmingham, Alabama, distributor of maintenance, repair and operation (MRO) replacement parts and industrial technology solutions, has agreed to acquire International Conveyor and Rubber (ICR) for its seventh acquisition of the year, the firms said today.
ICR is a Blairsville, Pennsylvania-based company with 150 employees that offers sales, installation, repair, and maintenance of conveyor belts, as well as engineering and design services for custom solutions.
From its seven locations, ICR serves customers in the sectors of mining and aggregates, power generation, oil and gas, construction, steel, building materials manufacturing, package handling and distribution, wood/pulp/paper, cement and asphalt, recycling and marine terminals. In a statement, Kory Krinock, one of ICR’s owner-operators, said the deal would enhance the company’s services and customer value proposition while also contributing to Motion’s growth.
“ICR is highly complementary to Motion, adding seven strategic locations that expand our reach,” James Howe, president of Motion Industries, said in a release. “ICR introduces new customers and end markets, allowing us to broaden our offerings. We are thrilled to welcome the highly talented ICR employees to the Motion team, including Kory and the other owner-operators, who will continue to play an integral role in the business.”
Terms of the agreement were not disclosed. But the deal marks the latest expansion by Motion Industries, which has been on an acquisition roll during 2024, buying up: hydraulic provider Stoney Creek Hydraulics, industrial products distributor LSI Supply Inc., electrical and automation firm Allied Circuits, automotive supplier Motor Parts & Equipment Corporation (MPEC), and both Perfetto Manufacturing and SER Hydraulics.
The move delivers on its August announcement of a fleet renewal plan that will allow the company to proceed on its path to decarbonization, according to a statement from Anda Cristescu, Head of Chartering & Newbuilding at Maersk.
The first vessels will be delivered in 2028, and the last delivery will take place in 2030, enabling a total capacity to haul 300,000 twenty foot equivalent units (TEU) using lower emissions fuel. The new vessels will be built in sizes from 9,000 to 17,000 TEU each, allowing them to fill various roles and functions within the company’s future network.
In the meantime, the company will also proceed with its plan to charter a range of methanol and liquified gas dual-fuel vessels totaling 500,000 TEU capacity, replacing existing capacity. Maersk has now finalized these charter contracts across several tonnage providers, the company said.
The shipyards now contracted to build the vessels are: Yangzijiang Shipbuilding and New Times Shipbuilding—both in China—and Hanwha Ocean in South Korea.
Specifically, 48% of respondents identified rising tariffs and trade barriers as their top concern, followed by supply chain disruptions at 45% and geopolitical instability at 41%. Moreover, tariffs and trade barriers ranked as the priority issue regardless of company size, as respondents at companies with less than 250 employees, 251-500, 501-1,000, 1,001-50,000 and 50,000+ employees all cited it as the most significant issue they are currently facing.
“Evolving tariffs and trade policies are one of a number of complex issues requiring organizations to build more resilience into their supply chains through compliance, technology and strategic planning,” Jackson Wood, Director, Industry Strategy at Descartes, said in a release. “With the potential for the incoming U.S. administration to impose new and additional tariffs on a wide variety of goods and countries of origin, U.S. importers may need to significantly re-engineer their sourcing strategies to mitigate potentially higher costs.”
The New Hampshire-based cargo terminal orchestration technology vendor Lynxis LLC today said it has acquired Tedivo LLC, a provider of software to visualize and streamline vessel operations at marine terminals.
According to Lynxis, the deal strengthens its digitalization offerings for the global maritime industry, empowering shipping lines and terminal operators to drastically reduce vessel departure delays, mis-stowed containers and unsafe stowage conditions aboard cargo ships.
Terms of the deal were not disclosed.
More specifically, the move will enable key stakeholders to simplify stowage planning, improve data visualization, and optimize vessel operations to reduce costly delays, Lynxis CEO Larry Cuddy Jr. said in a release.
Cowan is a dedicated contract carrier that also provides brokerage, drayage, and warehousing services. The company operates approximately 1,800 trucks and 7,500 trailers across more than 40 locations throughout the Eastern and Mid-Atlantic regions, serving the retail and consumer goods, food and beverage products, industrials, and building materials sectors.
After the deal, Schneider will operate over 8,400 tractors in its dedicated arm – approximately 70% of its total Truckload fleet – cementing its place as one of the largest dedicated providers in the transportation industry, Green Bay, Wisconsin-based Schneider said.
The latest move follows earlier acquisitions by Schneider of the dedicated contract carriers Midwest Logistics Systems and M&M Transport Services LLC in 2023.